Stock Market Alert: GRMN had a rocky session on Wednesday, trading down over 15% to close the regular session at $44.98 after the company released its Q3 earnings report. Volume was extremely heavy on the day, with over 26 million shares of the stock changing hands, compared to a normal daily average volume of just over 3.2 million shares. The stock was down after the company missed their quarterly revenue estimates by about 15 million dollars (analyst predictions). GRMN reported earnings of 50 cents per share in the quarter, which was inline with analyst estimates.
Sorry, the comment form is closed at this time.